Question

How much above the cost price should a dealer mark his good so that after allowing a discount of 10% on the market price he gain 8%

Answer 1

Answer:

20/- above than Cp

Step-by-step explanation:

Let Mp be x

$sp = x - \frac{10x}{100} = \frac{90x}{100}$

Let CP BE 100

=>

$cp = \frac{100}{108} \times \frac{90x}{100} = 100$

=>X = 120

so 20/- is higher than Cp